Actuary, Structured Risk Solutions

AXA•New York, NY

8d•Hybrid

About The Position

This role will involve working closely with underwriters, Alternative Risk Solutions professionals and primarily the Head of Structured Risk Solutions (SRS), Americas. You will be involved in all aspects of SRS Pricing and will contribute to the underwriting process by providing an independent technical premium to underwriters for large Structured Risk Solutions deals. You will represent the Pricing team for SRS matters internally and externally, presenting your pricing indications. This role provides an opportunity to support the future growth of SRS business at AXAXL, which has been designated as a growth initiative. To facilitate the growth initiative, you will draw on your pricing experience, developing scalable pricing processes aligned to market best practice. You will be a subject matter expert on pricing SRS deals at AXAXL. You will have exposure to both UW and Actuarial leadership teams through quarterly business reporting meetings, and annual planning process. You will have significant freedom to work independently but will also work closely with the UK SRS Pricing Actuary to ensure consistency in approach.

Requirements

Qualified actuary (FIA, FCAS or equivalent)
Significant experience of non-life insurance pricing (casualty preferred), SRS pricing experience would be ideal
Commercial experience of programming (Python / R / SQL)
Proficiency in Excel
Developed ability to Influence and negotiating skills
Leadership skills to work collaboratively with colleagues across functions to build consensus
Exceptional analytical skills and verbal communications skills to gain buy-in
Excellent written communication skills
Robust ability to think strategically and apply critical thinking to solve problems

Responsibilities

Represent pricing and analytics in product meetings
Coordinate with Global Product Pricing Actuaries
Understand data and processes and propose improvements that will enhance analysis and efficiency of the pricing process in a manner commensurate to the profit
Your key responsibility will be pricing complex (re)insurance deals, including supporting the structuring of the transactions
Perform Independent Profitability Analyses as needed to provide business guidance to Underwriting
Build understanding of Global Specialty business segment through appropriate participation in various other analyses including audits of pricing tool data and rate level analysis
Development of new pricing tools, and the associated pricing process
Conduct Case Price Referrals for deals that fall out of scope of the pricing model
Provide training and guidance to underwriters on pricing model
Calibration of rating factors as data allows
Ongoing maintenance and enhancement of pricing model to enable better underwriting decisions
Review and monitoring of underwriting metrics
Collaborate with the analytics team on improving the pricing model based on new data sources and analytical techniques.
Capital modeling support including development of underwriting risk assumptions
Provide actuarial pricing support for regulatory reports as required
Providing pricing and analytics support for Reinsurance Treaty renewals as needed.